Final Results - Year Ended 31 Dec 1999, Part 2

Flomerics Group PLC
16 March 2000



PART II
                              
                     FLOMERICS GROUP PLC
                              
 RECORD PRELIMINARY RESULTS FOR YEAR ENDED 31 DECEMBER 1999


                            
FLOMERICS GROUP  PLC
CONSOLIDATED PROFIT  AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 1999
                              
                                   1999         1998
                                  £'000        £'000
                                                
Turnover (Note 3)                               
  Continuing operations           8,445       6,910
  Acquisitions                      268         -
                                _________   _________
                                  8,713       6,910
Cost of sales                      (525)       (584)
                                _________   _________
                                                
Gross  profit                     8,188       6,326
Administrative expenses          (7,362)     (5,937)
                                _________   _________
                                                
                                                
Operating profit                                
  Continuing operations             839         389
  Acquisitions                       21          -
  Goodwill amortisation             (34)        -
                                 _________   _________
                                    826         389
Other interest receivable            30          71
 and similar income                 (49)        (76)
Interest payable and similar    _________   _________
charges
                                                
                                                
Profit on ordinary activities     
before taxation (Note 3)            807         384                     
Tax on profit on ordinary          
activities                         (313)       (126)  
                               _________    _________                      
Profit for the financial year       494         258
                                                
Dividends                          (110)        (85)
                                _________   _________
                                                
Retained (Profit/Loss) for the      
financial period                    384         173                      
                                                
Earnings per share (Note 4)        18.7p       10.1p
Diluted earnings per share         18.6p       10.1p
(Note 5)
                              
  
                              
FLOMERICS  GROUP  PLC
CONSOLIDATED  BALANCE  SHEET
AT 31 DECEMBER 1999

                         1999               1998      
                        £'000     £'000    £'000     £'000
Fixed assets                                         
Intangible assets                   786                 -
Tangible Assets                     815                722
Investments                          19                 -
                                                     
Current assets                                       
Debtors                 3,860              3,258     
Cash at bank and in        
hand                      506                437    
                        ________         ________
                        4,366              3,695     
                                                     
Creditors: amounts                                   
falling due within     (2,497)            (1,749)   
one year                ________           ________
         
Net current assets                1,869              1,946
                                  ________           _______

Total assets less                 3,489              2,668
current liabilities
Creditors: amounts                                   
falling due                       
After more than one
year                              (109)              (147)
Provisions for                                       
liabilities and                     -                  (1)
Charges
Deferred income                   (992)              (944)
                                 _______           _______
                                                    
Net assets (Note 3)               2,388              1,576
                                 ======             =======                    
 
                                                     
Capital and reserves                                 
Called up share                      27                 26
capital
Share premium account               524                 49
Other reserves                      759                759
Profit and loss                   1,078                742
account
                                                     
Equity                          ________           _______
shareholders'funds                2,388              1,576
                                ========           =======                     
 
                               
                              
FLOMERICS  GROUP  PLC
SUMMARY CONSOLIDATED  CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 1999
                              
                              
                               £'000       £'000
                                        
Net cash inflow from             752         839
operating activities
                                        
Net cash outflow from                   
returns on investment and        (18)        (29)
servicing of finance
                                        
Tax paid                        (121)        (74)
                                         
Net cash outflow for                    
capital expenditure and         
financial investment            (280)       (341)
                                        
Net cash outflow from     
acquisitions                    (164)       -
                                        
Equity dividend paid             (85)        (77)
                              _______     ________
Net cash inflow before    
financing                         84         318

Net cash outflow from      
financing                       (234)       (125)

Increase/(decrease) in     
cash                            (150)        193
                                        
                              
Notes:

1.   The Group recognised unrealised losses on translation
  of foreign currency net investments of £48,000 in the year
  which were taken to reserves and are not included in the
  profits above.

2.    The financial information shown for the years ended 31
  December  1999 and 1998 set out above does not  constitute
  statutory  accounts  but is derived from  those  accounts.
  Statutory  accounts for 1998 have been  delivered  to  the
  registrar  of  Companies whereas those for 1999   will  be
  delivered  following the Company's AGM. The auditors  have
  reported on those accounts; their reports were unqualified
  and did not contain a statement under section 237 (2) or (3)
  of the Companies Act 1985. Copies of this announcement are
  available  at  the registered offices of the  Company  (81
  Bridge  Road, Hampton Court, Surrey, KT8 9HH) and  at  the
  offices  of  the company's nominated advisors,  Teather  &
  Greenwood  Ltd.  (Beaufort House, 15 St  Boltolph  Street,
  London  EC3A  7QR) for a period of 14 days from  the  date
  hereof.

3.   The group's turnover and profit before tax for each
  geographic area of operation is:


                              Turnover    Profit Before Taxation
                            1999    1998     1999       1998
                            £'000   £'000    £'000      £'000
                                                   
United States of America -  
continuing business         4,690   3,407       42        (19)
Europe - continuing         3,755   3,503      778        403
         business
       - acquisitions         268     -         21          -
       - goodwill              -      -        (34)         -
amortisation
                            ------  -----   -------     ------
                            8,713   6,910      807        384
                            ------  -----   -------     ------
                     

The net assets attributable to each geographic area are:

                                        1999      1998
                                       £'000     £'000
United States of America                 305       270
Europe and the Far East                2,083     1,306
                                       --------- --------
                                       2,388     1,576
                                       --------- --------
  
4.   The earnings per share figure for 1999 has been
     calculated based on the profit on ordinary activities
     after taxation and the weighted average number of shares in
     issue of 2,639,000 (1998: 2,561,000).

5.   In accordance with FRS14 issued in October 1998 the
     fully diluted earnings per share was 18.6 pence per share
     (1998: 10.1p). The diluted number of shares was 2,661,000
     (1998: 2,560,000)

6.   The AGM will be held at 11.00 am on 5 May  2000 at the
     registered office of the company (81 Bridge Road, Hampton
     Court, Surrey, KT8 9HH).